Said Majority Leader Harry Reid (D-Nev.) of the deal:“The eyes of the world have been on Washington all this week,” Reid said. “Today, they will also see Congress reaching a historic bipartisan agreement to reopen the government and avert a default on the nation’s bills. The compromise we reached will provide our economy with the stability it desperately needs.”

It looks increasingly unlikely that the nation will hit the debt limit without a compromise making its way through Congress, but for those disposed toward budget speculation, the Washington Post has a neat interactive that allows you to figure out what you would fund if the U.S. crashed into the debt ceiling.

Sen. Harry Reid announcing details of Senate agreement, reopens the government until Jan. 15, extends debt limit until Feb. 7. Also establishes a budget conference committee to place U.S. on "a path toward long-term fiscal stability."

Reid added that now is "a time for reconciliation," and says he and Minority Speaker Mitch McConnell will "do everything we can to change atmosphere in the Senate."

10/16/2013 4:19:05 PMAmy.Hubbard

Here’s how grave the House Republicans’ condition has become: They’re now in the care of a mortician.

In the early minutes of a marathon meeting of House Republicans on Tuesday morning, Rep. Steve Southerland, a funeral director from Florida, rose to suggest the lawmakers sing "Amazing Grace" — and his colleagues joined him in a rendition of the burial hymn. (Dana Milbank, Washington Post)